Keep Up With Your Investments with Asset Tracking Through CMMS

January 26, 2018
2 min

One of the largest investments of a company is work equipment. Whether it's large equipment, tools, or even tablets and cell phones, tracking your assets is a huge benefit for a number of reasons. Find out exactly how easy it is with Asset Tracking through CMMS.



Keep Up With Maintenance Schedules

Monitoring your assets is more than just having a place where they are easily found. By keeping up with maintenance schedules, there is less downtime from surprise repairs that are otherwise easily prevented. It is easy to set up preventative maintenance schedules to keep your assets in top shape and to keep repairs to a minimum. This is a major factor in ensuring the health of large and small equipment and adheres to the warranty specifications.


Repairs vs. Replacement

With Asset Management Software, keep up with the cost of the equipment and how often it has been repaired. This helps with decisions on when to buy a new piece of equipment or make additional repairs, and is an excellent way to keep up with all of your assets and their needs while knowing the value of each one and its life expectancy.

You have better control of your budget and more often avoid surprises that can put you in the red for the month. By having an idea of when equipment needs replacement, plans for future investments are easier. For instance, if you have a piece of equipment that has been repaired frequently and repair costs are inching closer to the cost of new equipment, you know it's time to consider replacement. By tracking these repairs easily, the control is in your hands with budget forecasting.


Organization and Control

Perhaps the most important benefit from asset tracking is organizing your assets with ease.

Tracking your assets and keeping up with them saves time and expenses. For instance, large equipment isn't the only type of asset to be tracked. Cell phones and tablets loaned to employees or smaller tools in a warehouse are just a couple of examples of items that are small but expensive to replace. Knowing who had the item last, minimizes the time spent on searching for a misplaced or stolen item.

Also minimized is time spent on a search for an item in the warehouse. With notes of the location of the item and when the item is put back after being used, employees do not spend valuable time in a search for what they need for a job. Instead, your storage area stays organized.


Read More:   Keeping On Top Of The Work You Do


Maintaining Records

Asset tracking allows you to maintain records easily and accessible from any mobile device no matter where you are. The reports and dashboards are viewed multiple ways and the reports are fully customized to your specifics.

No matter which benefit is most important to your company or department, tracking assets is a feature that keeps you in the know on everything needed on your largest investment. You also have wide-ranging control across one or more locations with multiple languages and the benefits are numerous.

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